AIB Bank, Church Road, Greystones, Wicklow

€1,200,000

Beds
Price	€1,200,000
Property Type	Investment Property
Size	meters²
Energy Rating	BER-D1
Refreshed on	Jan 24, 2025
Eircode	A63ED88
Group Name	JLL Commercial
Sales License Number	002273

Description

A prime retail investment opportunity positioned in a prominent location on the main street of Greystones offering 4,647 sq. ft. (431.8 sq. m.) NIA over two-storeys and boasts excellent profile on to the main street of Greystones, ensuring high visibility and foot traffic. The property features a modern extension and includes three car parking spaces to the rear. The property is in use as an AIB banking branch, leased to Kavwall Limited on a 20-year lease term from 06/07/2007. There is circa 2.41 years of secure income remaining, as of February 2025, which is currently passing at €149,700 p.a., guaranteed by Allied Irish Banks plc (AIB). The property is conveniently located near the N11/M50 Motorway, allowing for easy accessibility to Dublin City Centre and surrounding suburbs. Additionally, the property is well connected with regular public transport links, including a DART station within a one-minute walk. Greystones is a coastal commuter town, approximately 28 km south of Dublin City Centre, with a population of over 22,000 as of 2022. The area has seen significant residential development in recent years, attracting an affluent demographic.

Features

• Two-storey retail unit extending to approximately 4,646 sq. ft. (431.8 sq. m.) • Fully let to Kavwall Limited, guaranteed by AIB plc. • Current passing rent of €149,700 p.a. • Prime main street location in a thriving costal commuter town • Long standing tenant with a strong covenant

BER Details

BER: D1 BER No.801031006

Directions

Church Road forms part of the main thoroughfare in Greystones, a highly affluent coastal village, roughly 28 km south of Dublin’s City Centre. Greystones is highly accessible to Dublin via the N11/M50. The property boasts excellent transport links including including the DART, Dublin Bus and Aircoach routes right at the doorstep, providing regular access to surrounding suburbs and Dublin City Centre. The property’s prime position on Greystones’ main street offers numerous neighbouring establishments within walking distance. The immediate surrounding area includes Meridian Point Shopping Centre, SuperValu, and an array of local businesses including The Burnaby Pub & Restaurant, Cafe Grey and Nature’s Gold health store. The wider surrounding area has undergone significant residential development over the last 10 years and is home to an affluent demograph. Greystones boasts two Blue Flag beaches and serves as the trailhead for the renowned Greystones to Bray costal walk.

Viewing Details

For further information, please contact nicola.vance@jll.com sandra.walsh@jll.com

Description

Features

BER Details

BER: D1 BER No.801031006

Directions

Viewing Details

For further information, please contact nicola.vance@jll.com sandra.walsh@jll.com